JGong and Yegyeolwon Collaborate from Audits to Anti-Corruption Tasks

Korea Housing Finance Corporation signed a Memorandum of Understanding for cooperation in audit and anti-corruption and integrity work with Korea Securities Depository at the Busan International Financial Center headquarters on the 9th. Lee Dong-yoon, Standing Auditor of the Housing Finance Corporation (left), and Ahn Sang-seop, Standing Auditor of the Securities Depository, are taking a commemorative photo after signing the agreement. Photo by Korea Housing Finance Corporation

[Asia Economy Reporter Song Seung-seop] Korea Housing Finance Corporation and Korea Securities Depository have signed a "Memorandum of Understanding for Cooperation in Audit and Anti-Corruption & Integrity Work."

According to the Housing Finance Corporation on the 9th, the two organizations will engage in mutual support and information exchange regarding areas of internal control weaknesses and strengths. They plan to share excellent anti-corruption and integrity policies, exchange audit information and professional personnel to enhance audit expertise. They will also establish a learning activity system by holding joint workshops.

The Housing Finance Corporation explained that this memorandum of understanding represents an exchange of audit techniques from a new perspective reflecting the characteristics of the two institutions.

Lee Dong-yoon, Auditor of the Housing Finance Corporation, emphasized, "Through this agreement, we hope that the two institutions will strengthen their capabilities in audit and anti-corruption & integrity work, thereby improving management efficiency and contributing to the realization of social value."

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